N.J. Admin. Code § 17:10-4.1 - Creditable salary (compensation)
(a) "Compensation"
means the base salary for services as a member of the JRS, as defined at
N.J.S.A. 43:6A-3f, in accordance with established policies of the State for all
employees in the same position.
(b)
"Compensation" shall not include:
1.
Individual salary adjustments that are granted primarily in anticipation of the
member's retirement.
2. Retroactive
salary adjustments if the increase is not of a normal, overall, published
program of increases.
3. Bonus or
overtime payments; or
4. Longevity,
terminal leave, or vacation payments, if paid in a lump sum or other than as a
regular salary disbursement.
(c) With respect to all claims for benefits,
the Division of Pensions and Benefits shall investigate increases in
compensation reported for credit which exceed the reasonably anticipated annual
compensation increases for members of the System. Those cases where a violation
of the statute is suspected shall be referred to the Commission.
Notes
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